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November 15, 2024 |
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| Home > Small Business Lenders by State > Alabama Business Loan Sources > Decatur, Business Loans > Renasant Bank Decatur Business Loans > Blimpie's Of Decatur & Smoothi Loan | ||||
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Alabama Small Business Funding for Franchises
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Loan to Buy Blimpie Franchise Issued By Renasant BankNeed a loan to buy a Blimpie franchise? Renasant Bank has a history of making these loans and they are guaranteed by the SBA. An entrepreneur in Decatur, Alabama needed money to invest in a Blimpie franchise back in 2001. Renasant Bank issued an SBA franchise loan. Here are the details on this Alabama small business loan. SBA Loan Borrower BLIMPIE'S OF DECATUR & SMOOTHI SBA Loan Lender RENASANT BANK This loan was provided via the SBA's LowDoc (Low Documentation) program. For these loans, the SBA can guarantee up to 80 percent of the loan amount. More importantly, completed applications are processed quickly by the SBA, usually within two or three days, and the required documentation to get a loan is minimal. SBA Loan Program Type This loan was issued as a general business loan. SIC Code 5812 - Eating Places NAICS Code 722110 - Full-Service Restaurants Loan Approval Date 8/27/2001 Loan Approval Gross Amount $150,000 Loan Approval from the SBA Of the total $150,000 loan amount, the SBA guaranteed $127,500. More Information on This SBA Loan The borrower borrowed this money for a new business. This loan was used to buy a Blimpie franchise. At the time of the loan, the company had 15 employees. This SBA loan request did not indicate that the small business planned to use the money to increase staffing levels or retain any existing employees. Start the Process for Getting an SBA Loan Today! Every year, the SBA guarantees over $10 billion for loans just like this one. We've showcased information on this loan to let you know that businesses like yours can get an SBA loan. About This SBA Loan Information: All SBA loan data displayed above comes from the government's publicly available SBA loan database. Information on this page is provided by the Gaebler.com news organization to inform business owners, aspiring entrepreneurs and others about SBA loan activity. LoanCensus.com does not assist businesses with obtaining SBA loans and was not involved in any way with this transaction. For additional information, see our Loan Information FAQ. Related Links: Best Decatur, Alabama Banks for Small Business Getting an SBA Loan in Alabama
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